Address And Details
|90 Hudson St 10th Flr , Jersey City, NJ 07302|
|Fund Manager||Team Managed|
Strategy And Objective
The Fund s investment objective is to seek high current income and the opportunity for capital appreciation to produce a high total return. To pursue its objective, under normal conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in bonds, debentures and other fixed income securities. The Fund may invest a substantial portion of its net assets in high-yield securities (commonly referred to as below investment grade or junk bonds). High-yield securities are debt securities that are rated BB/Ba or lower by an independent rating agency, or are unrated but determined by Lord, Abbett & Co. LLC ( Lord Abbett ) to be of comparable quality.
Net Asset Value
- 1 Week
- 1 Month
- 3 Months
- 1 Yr Return
- 5 Yr Return
Equity Sector Breakdown
|Asset Type||% Of Allocation|
|Total Net Assets||262.39 M|
|Criteria||3 Years||5 Years||10 Years|
|Minimum Initial IRA||$0|
|Timeframe||Average Annual Current Performance Monthly As Of 12/31/2021||Average Annual Current Performance Quarterly As Of 12/31/2021||Avg Annual Current Performance Monthly As Of 12/31/2021||Avg Annual Current Performance Quarterly As Of 12/31/2021|
|Life Of Fund||
Master The Market with the Help of Our Financial Experts
Recent Articles from TheStreet
Walmart Plans to Sell Virtual Goods, Create Cryptocurrency and NFTs
Walmart files applications seeking trademarks for digital currency, software to manage cryptocurrency and other digital assets and for online retail services.
Consumer Spending Remains Strong, Says Mastercard CEO
'We continue to see benefits from accumulated savings and an increasing push toward digital,' said Michael Miebach.
Does Anyone Still Watch Broadcast Television? (And What that Means for Disney, Comcast, ViacomCBS and Fox)
New report details the increasing dominance of streaming, but live television endures.
Tesla's Elon Musk Cuts Law Firm After It Won't Fire Lawyer in SEC Probe, Report Says
A Tesla lawyer asked law firm Cooley to fire an attorney who worked on a U.S. Securities and Exchange Commission investigation of Elon Musk, according to a Wall Street Journal report.
McDonald's Takes on KFC, Wendy's With a Spicy New Menu Item
The fast-food chain has been testing a garlic pepper spicy chicken nugget, but there's a catch.
Lucid's 2030 EV Production Goals Bring It to Half Where Tesla Stands Now
The electric vehicle company has a production plan that shows just how speculative its nearly $70 billion valuation is.
Royal Caribbean, Norwegian Cancel More Cruises: Why That's Not Bad for Investors
The cruise lines have canceled select sailings but Royal Caribbean and Norwegian Cruise Line shareholders should take that as a positive.